Source: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 8, Democracy and the free market, p. 172
Context: Unlike what neo-liberals say, market and democracy clash at a fundamental level. Democracy runs on the principle of 'one man (one person), one vote'. The market runs on the principle of 'one dollar, one vote'. Naturally, the former gives equal weight to each person, regardless of the money she/he has. The latter give greater weight to richer people. Therefore, democratic decisions usually subvert the logic of market.
“One man, one vote: A legal doctrine requiring that, from time to time, old gerrymanders be replaced with new ones. The object of this is the achievement of genuine democracy.”
Source: There Will Be Time (1972), Chapter 3 (p. 30)
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Poul Anderson 140
American science fiction and fantasy writer 1926–2001Related quotes
Source: Esther: A Novel (1884), Ch. IV
“There is a century-old saying, "The dollar votes more times than the man."”
Source: Democracy for the Few (2010 [1974]), sixth edition, Chapter 13, p. 222
As quoted in Al Arab Vol. 9 (1970) by the League of Arab States, p. 9
Preface.
A History of Science Vol.1 Ancient Science Through the Golden Age of Greece (1952)